Spain is without a doubt one of the EU’s financial powerhouses. It is also a massive country with a massive population, which makes its markets massive as well, regardless of what sort of service or product we’re considering. As such, it is difficult to fathom how such a large economy can be in so much trouble, though according to experts, the adoption of the single currency and the competitive nature of the Eurozone will make short work of explaining that.

Like many of its Mediterranean neighbors, Spain hasn’t found a lot of economic traction lately, though that does not deter a significant portion of its population from taking advantage of the services offered by various Forex brokers. In order to legally offer such services, Fx brokers need to obtain a license from the CNMV (Comision Nacional del Mercado de Valores), which is Spain’s main (and only) financial regulatory agency. Established in the wake of the 1988 Stock Market act (law #24), the CNMV is the sole regulator of the Spanish stock market, and of the various activities involving financial products and services. Updated twice since, the law has expanded the powers of the CNMV, allowing it to set up a fully MiFID -compliant regulatory framework.

While it does not offer regulation/licensing for products such as binary options, the CNMV does in fact regulate Fx trading. Still, the Spanish market accepts all those operators who possess a MiFID license, regardless of where it was obtained.

Broker Features Regulator Platforms Next Step
Number One Broker ForexTime Logo Founded: 2011

- Over 400k Account Registered
- More than 250 Trading Instruments
- MT4, MT5 and Web Trader Platforms
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CySEC, FSB, IFSC MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
AvaTrade Logo Founded: 2006

- Active 10+ years
- 40% New Member Bonus
- Very well regulated


ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
eToro Logo Founded: 2007

- Social Trading Platform
- 24/5 Customer Support
- Beginner Friendly


CySEC, FCA eToro OpenBook, eToro WebTrader, eToro Mobile Trader
easyMarkets logo Founded: 2001

- 50% FTD Bonus! (non EU Traders only)
- Active since 2001
- 300+ markets can be traded


ASIC, CySEC MT4, Web platform & Easy-forex on mobile
Markets.com logo Founded: 2008

- $25 no deposit offer(t&c apply)
- Beginner friendly
- Leverage 1:300


CySEC, FSB Markets.com Platform
Plus500 Logo Founded: 2008

Multi Asset Trading Platform
No Time Frame for Demo Accounts
Very well regulated


ASIC, CySEC, FCA Plus500
City Index Logo Founded: 1983

- Well established
- Beginner friendly
- Free Webinars


ASIC, FCA, MAS Advantage Web, AT Pro, MT4
HotForex Logo Founded: 2008

100% FTD Bonus
Social Trading Features
Available in 25 languages


CySEC, FSA MT4
XM Logo Founded: 2010

- $30 + Deposit Bonus up to $5,000 (t&c apply)
- Very well regulated
- 24 hour support


CySEC, FCA MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader
FXPrimus Logo Founded: 1999

- 24/5 Customer support
- Well established
- Well regulated


CySEC MT4
Oanda Logo Founded: 1996

- No Minimum Deposit
- Very well established
- 24/5 Customer Support


ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA fxTrade, MT4
Founded: 2011

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone
- Scalping, hedging, trading on the news, and EAs are permitted.


FCA MT4 and cTrader
XTB Logo Founded: 2002

- Forex Pais and CFD Trading
- Cash back loyalty bonus. Earn up to £1.80 cash back per lot.
- Tight Spreads as low as 1.2 pips


BaFin, CMB, FCA, KNF xStation, MT4, Mobile
FXGlobe Logo Founded: 2013

- No dealing desk executions
- Account management for traders on varying experience levels


CySEC, MiFID MT4, FXGlobe Web Trader